December 21 2018

Comments on Commission proposal on a DELEGATED REGULATION supplementing Regulation (EU) 2017/1129

The German Banking Industry Committee welcomes the Delegated Regulation (DR) proposed by the Commission. The draft includes many of the points proposed in ESMA’s Final Report. At the same time, the discretionary scope for the parties subject to the requirements set out in the Prospectus Regulation ((EU) 2017/1129, PR) is left untouched. This balanced approach creates a solid basis that must and will prove itself until the next evaluation in 2022.

Notwithstanding the above, we would like to draw attention to a few points that, in our view, require readjustment.

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